In November, the combined spot and derivatives trading volume on centralised exchanges rose for the second consecutive month, rising 40.7% to $3.61tn, recording the highest combined monthly trading volumes since March 2023.

Key Takeaways

• spot trading volume on centralised exchanges rose for the second consecutive month, rising 52.8% to $965.8bn, recording the highest spot trading volume since March 2023.
  
• In November, the combined spot and derivatives trading volumes on Binance rose 34.2% to $1.57tn, however, the exchange’s market share has continued to decline for the ninth consecutive month to 43.4%.
  
• The derivatives trading volume on the CME exchange rose 18.4% to $67.9bn, recording the highest volumes since November 2021.